Spotify 'worth £150m' as investors pour in

Is a record label one of the suitors?

Spotify has been valued at around £150 million by the Financial Times, amidst reports that the music streaming phenomenon has raised around £30 million in investments.

The Financial Times suggests that the company's ability to attract investment of around $50 million from venture capital firms suggests that the company is worth £148 million ($250 million).

The Swedish company has had a huge impact in the music world with its ad-funded streaming service, and the impending arrival of a Spotify iPhone application will drive up the number of people paying for premium accounts.